Shares of ABBO stock are currently selling for $29.06 a share. The last annual dividend paid was $1.50 a share and dividends increase at a constant rate. If the market rate of return is 10 percent, what is the dividend growth rate?

Select one:

a. 4.45%

b. 5.05%

c. 5.32%

d. 4.60%

e. 4.81%